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Investment For Sale, Syston, Leicestershire

Investment in Syston
Investment in Syston
Investment in Syston
Investment in Syston

Property ID: 160386

£125,000 Freehold

8A High Street, Syston, Leicestershire, LE7 1GP

Type Investment
Status Available
Size 543 sq ft / 50 sq m

Key Features

  • Popular retailing location
  • Passing rent of £10,740 PA
  • 8.6% gross initial yield
  • Lease to 30th April 2029
  • FF sold on long leasehold basis
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Description

Description <br>
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The Freehold Of A Two-storey Hybrid Retail And Residential Premises, With Ground Floor Tenant In-situ (income Producing) And First Floor Flat Sold-off On A Long Leasehold Basis (excluded). <br>
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The Ground Floor Is Currently Occupied By An Independent Tenant Trading As Rc Aesthetics & Body Sculpting Beauty Salon. Access Is Provided By Way Of A Single-entry Door To The Left-side Of A Glazed Shopfront With Open-plan Reception / Sales Area Thereafter. The Unit Is Presented To A Modern Standard Throughout With Laminate Flooring, Mixed Light Fittings, And Plaster And Painted Wall Finishes.<br>
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A Staff / Treatment Area Is Enclosed Via Demountable Partitioning, With Additional Private Treatment Area And Wc To The Rear. <br>
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Municipal Parking Is Available Via On-street Bays Immediately In Front Of The Property In Addition To Via The Syston Town Square And Melton Road Car Parks Both Situated Within Short Walking Distance. <br>
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Investment<br>
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The Ground Floor Is Occupied By An Independent Tenant (personally Liable) At A Rent Of £10,740 Per Annum Exc (£895 Per Calendar Month) For A Term To 30th April 2029, With A One-month Rent Deposit Sum Held By The Current Landlord (i.e. £895, To Be Transferred To The New Owner Upon Completion For Security). <br>
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There Are Two Tenant-only Break Clauses Throughout The Term As At 30th April 2027 And 30th April 2028 On One And Two Months' Prior Written Notice Respectively. A Copy Of The Commercial Lease Agreement Is Available Upon Request. <br>
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The First Floor Flat Has Been Sold-off On A Long Leasehold Basis For A Period Of 999 Years From 25th December 2009. There Is No Notable Ground Rent Income From The Flat. A Copy Of The Residential Long Lease Is Available Upon Request.
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Andrew & Ashwell Ltd
Andrew & Ashwell Ltd View all properties

Property ID: 160386

Investment For Sale, Syston, Leicestershire
£125,000 Freehold

8A High Street, Syston, Leicestershire, LE7 1GP

Investment|Available|543 sq ft / 50 sq m

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Andrew & Ashwell Ltd
Andrew & Ashwell Ltd View all properties
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